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Best Buy began offering up to $262.50 for Nexus 4 T-Mobile trade-ins this week, which falls in line with some of the previous Nexus 5 rumors pointing to the successor launching soon.

The retailer recently announced a new trade-in program in anticipation for the release of the next-generation model. However, the only catch is that those looking to cash in on their older device will have to accept store credit instead of cash. It will also have to be a T-Mobile version of the handset.

If the smartphone is in nearly perfect shape, users can receive up to $262.50. With minor scuffs they can still get around $250.

The device's successor, the Nexus 5, is expected to be unveiled in the next few months.

The device has already been spotted at both the FCC and Bluetooth SIG.

There are pics of the device's Qi charging and NFC antenna that show the alignment of the camera cutout on the back panel. Engadget believes that this is definitely an LG made device and the model number LG-D820 in the filing confirms that fact. LG officials also filed the confidentiality request for the report, according to the site.

A handset that could be the Nexus 5 also made an appearance at Google's Android 4.4; KitKat statue unveiling that took place earlier this week.

A picture was sent by an anonymous tipster to Android Authority that attended the event. They also received a video taken from unveiling that shows people snapping pics celebrating with one of them holding an unidentified Nexus phone.

Some other recent rumors point to the smartphone being made by Motorola.